Authored by the expert who managed and guided the team behind the Chile Property Pack
Everything you need to know before buying real estate is included in our Chile Property Pack
What is happening in Chile’s real estate market? Are prices on the rise or decline? Is Santiago still a prime destination for foreign investors? How are Chile’s government policies and taxes shaping the real estate landscape in 2025?
These are the questions we hear every day from professionals, buyers, and sellers across the country, from Valparaíso to Concepción and beyond. Perhaps you’re curious about these trends too.
We know this because we stay closely connected with local experts and individuals like you, exploring the Chilean real estate market daily. That’s why we crafted this article: to deliver clear answers, insightful analysis, and a comprehensive view of market trends and dynamics.
Our aim is straightforward: to make sure you feel informed and confident about the market without needing to search elsewhere. If you think we missed the mark or could improve, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll strive to enhance this content for you.
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1) Foreign investors are increasingly interested in Chilean real estate for its stable market in Latin America
Foreign interest in Chilean real estate is growing rapidly, especially among investors looking for stable markets in Latin America.
In the first half of 2023, Chile saw a 12% increase in residential property sales compared to the same time last year. This boost was largely due to a 19.9% jump in apartment sales, showing a strong demand for urban living spaces.
Real estate agencies in Chile are noticing more inquiries from international buyers, particularly from the United States, Europe, and China. This trend is expected to continue, with the market projected to expand by 4.82% from 2024 to 2029, potentially reaching a volume of $2.48 trillion by 2029.
Popular neighborhoods like Lastarria and Bellas Artes in Santiago are seeing property prices rise, driven by strong demand and limited supply. These areas are particularly attractive to foreign buyers, who are drawn to their vibrant culture and central location.
Investors are confident in Chile's economic and political stability, which is a key factor in the increased foreign investment in the real estate sector. This stability makes Chile an appealing choice for those looking to invest in Latin America.
Sources: Global Property Guide, Statista
2) Chilean homebuyers increasingly seek properties with gardens or terraces due to a growing desire for outdoor space
Chilean homebuyers are increasingly seeking properties with outdoor spaces.
In recent years, especially after the pandemic, there's been a noticeable shift in what people want in a home. Many are now prioritizing gardens and terraces, driven by a desire for more sustainable living and a healthier lifestyle. This change is evident in the real estate market, where properties with these features are in high demand.
In 2023, the real estate market in Greater Santiago saw a significant boost. Residential property sales jumped by 33.3% compared to the previous year. Apartments, in particular, saw a surge in sales, with a 42.4% increase. Many of these apartments come with outdoor spaces, which are becoming a must-have for buyers.
When browsing real estate listings in Chile, you'll notice a common theme: outdoor features are prominently highlighted. These elements are not just add-ons; they are key selling points that attract potential buyers. As a result, homes with gardens or terraces are often priced higher, reflecting their increased value.
The media in Chile is also playing a role in this trend. Home design magazines and media outlets frequently showcase outdoor living trends, which has only fueled their popularity. Social media is buzzing with images and ideas for outdoor spaces, further influencing what people look for in a home.
For anyone considering buying property in Chile, it's clear that outdoor spaces are more than just a trend; they're becoming an essential part of the home. Whether it's a small terrace or a sprawling garden, these features are highly sought after and can significantly impact a property's appeal and price.
Sources: Global Property Guide
We have made this infographic to give you a quick and clear snapshot of the property market in Chile. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Viña del Mar’s rental market offers stable yields, staying popular with locals and tourists alike
The rental market in Viña del Mar is thriving, thanks to its enduring appeal to both locals and tourists.
With an average occupancy rate of 36% for short-term rentals, property owners are seeing consistent demand. This means that a significant number of properties are occupied at any given time, which is great news for those looking to invest.
Over the past year, the number of active rental listings in Viña del Mar has grown by 8%, reaching 5,274 available listings. This increase suggests that more property owners are jumping into the market, likely attracted by the stable returns. The average daily rate of $83 helps generate a solid monthly revenue of $3,669.
Viña del Mar's charm as a tourist hotspot is a major factor in its stable rental market. During the Fiestas Patrias in 2024, the city was expected to welcome between 51,757 and 62,442 tourists. This surge in visitors boosts the demand for short-term rentals, ensuring property owners enjoy steady yields.
But it's not just tourists who love Viña del Mar; locals are also drawn to this vibrant city. This local interest helps maintain a steady year-round demand for rentals, making it a reliable market for property investors.
Sources: AirDNA, Travel2Latam, FazWaz
4) Eco-friendly homes in Chile are becoming more popular as buyers grow more environmentally conscious
In Chile, eco-friendly homes are gaining traction as environmental awareness grows among buyers.
Chile is seeing a rise in green building certifications like LEED, with 197 certified buildings and 438 total LEED activities by 2024. This shows a clear shift towards sustainable construction practices.
The local market is open to new technologies such as renewable energy equipment and advanced insulation products, indicating a readiness to adopt high-tech solutions for sustainable living.
The Chilean government is actively promoting sustainability through initiatives like the National Program for Sustainable Production and Consumption, involving multiple ministries to encourage eco-friendly building practices.
Media attention on sustainable architecture is growing, especially with Santiago being ranked as the most sustainable city in Latin America by the Arcadis’ Sustainable Cities Index, which boosts the popularity of eco-friendly homes.
Sources: Privacy Shield, OECD iLibrary
5) Immigrant influx in Chile is boosting rental property demand in major cities
Chile's immigrant population has surged, with many arriving from Venezuela, Peru, and Haiti.
In bustling Santiago, real estate demand has jumped by 8% in the past year. This isn't just about more people; it's also about a stable economy that's catching the eye of foreign investors. With attractive rental yields, Santiago is becoming a hotspot for those looking to invest in rental properties.
The influx of newcomers is creating a housing shortage in urban areas, especially in Santiago. Many immigrants prefer renting over buying, mainly because it offers financial flexibility and suits their immediate needs.
As more people flock to cities for jobs and services, the demand for rental properties is climbing. This trend is particularly noticeable in major urban centers where opportunities are abundant.
Investors are taking note of these changes, seeing potential in the rising rental market. The combination of a growing population and a stable economy makes Santiago an attractive place for property investment.
For those considering buying property in Chile, understanding these dynamics is crucial. The increased demand for rentals is shaping the real estate landscape, offering both challenges and opportunities.
Source: Migrants & Refugees
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6) New highways in Chile are making remote areas more accessible and attractive for real estate investment
New highways in Chile are turning remote areas into hot spots for real estate investment.
In 2023 and 2024, Route 5 North is getting a major facelift with new bridges and pedestrian walkways, making it easier to get around. This has already caught the eye of investors, like Vías Chile, who are pouring in $1.275 billion.
Another exciting development is the expansion of the Valdivia access network to a dual carriageway. This means you can now cruise at speeds of 100 to 120 km/h, making the area much more attractive to real estate investors. The Chilean government is also planning to tender 22 contracts worth $11.7 billion in late 2024 and 2025, showing their dedication to boosting infrastructure.
These projects are not just about convenience; they’re about safety and speed. Upgrades to Route 5 are set to cut travel times and make these areas safer, which is a big win for everyone. With new interchanges and expanded segments, the roads are ready to handle more traffic and spark economic growth.
As these highways open up, expect to see more people and businesses moving in. Demographic shifts and population growth are on the horizon for regions with new highway access, making them even more appealing for property buyers.
Sources: Highways Today, AX Legal
7) Urban housing demand in Chile is rising as people move from rural areas to cities
In Chile, the shift from rural to urban living is reshaping the housing market.
People are flocking to cities like Santiago, Valparaíso, and Concepción, drawn by economic opportunities and a lively urban lifestyle. This trend is clear when you look at the numbers: in 2023, Chile's urban population hit 17,276,395. The buzz of city life, with its promise of jobs and excitement, is a big pull for many.
Meanwhile, rural areas are seeing a drop in residents, with a net migration of -71,205 people last year. This shift is pushing up demand for city housing, as evidenced by the boom in construction permits and new real estate projects. People are on the hunt for better living conditions and job prospects in urban centers.
Young people, in particular, are drawn to cities for their higher education and job opportunities. Santiago, for instance, is a major economic hub, offering more jobs than rural areas. This makes it a magnet for those looking to advance their careers.
Government reports highlight that urban living is especially appealing to younger generations, who are eager for the vibrant lifestyle cities offer. The allure of city life is undeniable, with its promise of a dynamic environment and endless possibilities.
Sources: CEIC Data, Trading Economics, Migration Policy Institute
8) Gated communities in Chile are increasingly popular as families prioritize safety and security
Demand for gated communities in Chile is rising as safety and security become top priorities for families.
In 2023, Chile saw a worrying increase in violent crime, with the homicide rate jumping from 4.5 to 6.3 per 100,000 people since 2018. This spike has made safety a pressing concern for many families looking for homes.
The media has been buzzing about the violence, especially in urban hotspots like Santiago de Chile, where multiple homicides occurred in a short span. This constant coverage has made people more aware and worried about their safety, with surveys showing that 87.6% of Chileans feel crime has surged over the past year.
In response, the real estate market is shifting. More families are choosing gated communities, which offer enhanced security features like surveillance systems, gated entrances, and on-site security personnel. These features make such communities appealing to those who prioritize safety in their housing choices.
Gated communities are not just about security; they often come with perks like parks, pools, and community centers, creating a sense of community and peace of mind. This combination of safety and lifestyle amenities is drawing more families to these developments.
Sources: Prensa Latina, The Rio Times
We made this infographic to show you how property prices in Chile compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Virtual property tours in Chile are becoming popular, simplifying remote property viewing for buyers
In Chile, virtual property tours are making waves, simplifying the home-buying process.
Imagine browsing homes from your couch; that's the reality for many Chileans now. Over half of Chilean adults have tried virtual tours, and a whopping 67% of potential buyers want this feature when checking out listings. This shift is reshaping how people shop for homes.
What's fueling this trend? The real estate market in Chile is embracing tech, especially virtual reality. Real estate agencies are jumping on board, using these tools to spice up their marketing and make the buying experience smoother.
Buyers are speaking up, and they prefer virtual tours over static photos. Half of the home seekers lean towards virtual tours when hunting for their dream home. This isn't just a fad; it's backed by success stories where virtual tours have sped up sales and boosted conversion rates.
Virtual tours are not just a cool feature; they're becoming a must-have. They've proven to cut down the time it takes to sell a property, making them a game-changer in the market.
As more people get comfortable with this tech, the demand for virtual tours is only going to grow. It's a win-win for buyers and sellers, offering convenience and efficiency in the property market.
Sources: 6Wresearch, Realync, Statista, PhotoUp
10) Chile may see more foreign investment in real estate as the government considers new policies
The Chilean government is keen on attracting more foreign investment in real estate.
In 2023, foreign investment in Chile's real estate sector jumped by 34%, reaching a total of $7.286 billion. This surge reflects global confidence in Chile's stable economy and politics.
To keep this momentum, the government rolled out the “Let’s Invest in Chile” plan. This initiative aims to boost investment by five percentage points and features 28 measures across six action areas, making it easier for foreign investors to access financing.
InvestChile is reopening offices in Europe and North America, which is expected to increase foreign direct investment from these regions. These areas already contribute to 60% of Chile’s foreign direct investment stock.
For those considering buying property, this means more opportunities and potentially better financing options as the government actively seeks to make the market more attractive to international buyers.
With these strategic moves, Chile is positioning itself as a prime destination for real estate investment, offering a stable environment and promising returns.
Sources: InvestChile, Golden Harbors
11) Chile's coastal regions will see stable property prices with steady demand from locals and foreigners
The coastal regions of Chile are expected to maintain stable property prices due to consistent demand from both locals and foreigners.
Tourism is booming, with a 38.8% rise in international tourists in 2024 compared to the previous year. This surge is fueled by new air routes and a 71.2% increase in arrivals from Brazil, making Chile's beaches and vibrant culture more accessible than ever.
Chile's coastal charm isn't just for tourists; it's attracting expatriates too. The country's stable economy and favorable climate make it a hot spot for those looking to settle down, further driving up demand for coastal properties.
Vacation homes are in high demand as well. The allure of Chile's stunning beaches and diverse ecosystems draws both locals and foreigners, all eager to own a piece of this coastal paradise.
In places like Viña del Mar, economic growth is steady, thanks to tourism and the irresistible appeal of beachfront properties. This stability helps keep property prices from fluctuating wildly.
Government investments are also playing a part. By enhancing coastal infrastructure, such as transportation networks, they're boosting property values in these well-connected areas.
Sources: America Economia, Global Property Guide, Voyagers Travel
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12) Rental yields in Los Lagos' southern region will increase with growing tourism and remote work opportunities
In Los Lagos, rental yields are set to increase thanks to booming tourism and remote work.
Tourist numbers have surged, with 209,069 visitors crossing the Cardenal Antonio Samoré Border by October 2024. This influx is part of a larger trend of rising foreign tourist arrivals in Chile, making Los Lagos a hotspot for travelers.
Chile's new remote work laws are a game-changer, turning Los Lagos into a magnet for digital nomads. The region's unique rentals, like popular lofts and cabins on Airbnb, are seeing higher occupancy and income, showing a clear demand for short-term stays.
Government efforts to boost tourism, including targeted marketing and international events, are expected to further enhance the region's appeal. Media outlets are also spotlighting Los Lagos as a prime spot for remote work, drawing in those who crave scenic, less crowded environments.
Los Lagos offers a blend of natural beauty and modern convenience, making it ideal for those seeking a balance between work and leisure. The area's charm is not just in its landscapes but also in its growing reputation as a remote work haven.
With these trends, investing in property here could be a smart move, as the region continues to attract both tourists and remote workers. The combination of increased tourism and remote work opportunities is setting the stage for a thriving rental market.
Sources: America Economia, Boundless HQ, Airbnb, Marca Chile
13) Chile's aging population is driving demand for smaller, more accessible housing options
Chile's population is aging fast, with over 2.64 million people aged 65 or older as of 2023.
This growing number of seniors is pushing the demand for smaller, more accessible homes. As people get older, they often look for places that are easier to manage, especially if they have trouble moving around. The government is stepping in with programs like the Fondo Solidario de Vivienda, which offers subsidies to help low-income seniors afford these types of homes.
The Fondo Solidario de Vivienda is a game-changer, providing up-front subsidies that cover land, infrastructure, and basic housing costs. This makes it easier for older adults to find suitable living spaces without breaking the bank. The focus is on smaller, progressively built homes that are both accessible and affordable.
Consumer behavior studies in Chile show a clear shift towards compact living spaces among older adults. This trend is all about finding homes that are easier to maintain and navigate. Urban planners are catching on, designing age-friendly infrastructure that caters to the needs of seniors, ultimately enhancing their quality of life.
Urban planning initiatives are now prioritizing age-friendly developments. These projects aim to create environments that are not just livable but also enjoyable for older adults. The focus is on making everyday life easier and more comfortable for them.
Sources: Statista, Housing Finance Policy in Chile, Planning for Age-Friendly Cities
14) Valparaíso's property prices are falling due to oversupply and economic challenges
Valparaíso is seeing a notable drop in property prices lately.
In August 2024, the median home sale price fell to $150K, marking a 23.1% decrease from the previous year. This means homes are going for much less than they used to, making it a buyer's market.
There's also a surplus of homes on the market, which is driving prices down. In September 2024, there were 14 homes for sale, a slight dip from the previous month, but still more than the number of interested buyers. This oversupply makes it tough for sellers to find buyers, pushing prices lower.
Economic factors are adding to the mix. The region's economic growth has slowed, impacting housing demand. Rising unemployment in Valparaíso has also reduced the purchasing power of potential buyers, making it harder for people to afford homes.
With fewer people able to buy, the demand for housing has dropped, contributing to the decline in property prices. This situation is creating opportunities for those looking to invest in property, as prices are more negotiable.
For anyone considering buying property in Valparaíso, now might be a good time to explore options, given the current buyer-friendly market conditions.
Sources: Redfin, City of Valparaiso, Rocket Homes
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Chile. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
15) Vacation home purchases in Chile's lake districts are rising, fueled by domestic tourism
Chile's lake districts are becoming hot spots for vacation home buyers, thanks to a surge in domestic tourism.
From 2010 to 2019, domestic overnight stays in Chile skyrocketed by 94%, fueling the tourism boom. This increase has made the lake districts particularly attractive for those looking to invest in a vacation property. The rise in short-term rental listings in these areas is a clear sign of the growing demand for vacation homes, mirroring trends seen in other popular destinations across Latin America.
Social media and news outlets are buzzing about the stunning landscapes and rich culture of Chile's lake districts. These platforms are not just showcasing the beauty but also the unique experiences these regions offer, enticing both locals and international visitors. This kind of exposure can be a powerful motivator for potential buyers considering a vacation home.
Imagine waking up to the serene views of Lake Villarrica or exploring the lush forests around Lake Llanquihue. These are the kinds of experiences that are drawing people to invest in vacation homes here. The lake districts offer a perfect blend of relaxation and adventure, making them ideal for those seeking a getaway spot.
Moreover, the local real estate market is responding to this demand with a variety of options, from cozy cabins to luxurious lakeside villas. This diversity in property types means there's something for every taste and budget, further driving the interest in these areas.
For those considering a purchase, it's worth noting that the infrastructure in these regions is continually improving, making them more accessible and convenient for vacationers. This development is likely to enhance the appeal of owning a vacation home in Chile's lake districts even more.
Sources: Tourism Economics, My Lighthouse, Audley Travel
16) Rents in La Serena are expected to dip slightly as new housing developments increase
In La Serena, rental prices are expected to dip due to a surge in new housing developments.
With more housing permits being issued, the city is seeing a boom in construction. This means more homes are popping up, giving renters more options and potentially lowering what they pay.
Several new projects have wrapped up recently, adding to the city's housing stock. This increase in available units is likely to make landlords more competitive, which could mean better deals for renters.
Real estate experts are noticing this trend too. As the housing supply continues to grow, renters might find themselves in a stronger position to negotiate prices.
La Serena's market is shifting, with more choices for those looking to rent. This abundance of options is expected to keep rental prices in check.
For anyone considering a move to La Serena, now might be a good time to explore the market. With new developments on the rise, the rental landscape is becoming more favorable for tenants.
Sources: Rentberry, Properstar
17) Blockchain technology is gradually emerging in Chilean real estate, offering more secure and transparent transactions
In Chile, blockchain technology is making waves in real estate, offering a new level of security and transparency.
Back in 2018, Chile’s National Energy Commission (CNE) successfully used blockchain to secure energy market data, proving its potential for real estate. This move set the stage for blockchain's role in property transactions.
Chile has seen pilot projects exploring blockchain's benefits in real estate, showing a growing interest in this technology. A notable milestone was the first Bitcoin real estate transaction in November 2022, facilitated by Remax, which underscored blockchain's acceptance.
Experts and media are buzzing about blockchain's promise in real estate. Industry leaders stress the need for collaboration and data sharing, while media outlets highlight Bitcoin's use in property purchases, painting a positive picture for blockchain's future.
Reports like the Proptech Outlook 2025 spotlight blockchain as a key trend reshaping real estate. These insights reveal how blockchain is set to transform the industry.
As blockchain continues to gain traction, its role in real estate transactions in Chile is becoming more prominent, paving the way for more secure and transparent deals.
Sources: JLL, 101 Blockchains, Ledger Insights, Zeus Mining, Proptech Outlook 2025
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18) Demand for properties in Santiago's outskirts is rising as people look for more space and affordability
The demand for properties in Santiago's outskirts is booming as people look for more space and affordability.
Areas like La Reina and Ñuñoa are becoming popular because they offer larger living spaces and are close to green areas and schools. In 2023 and 2024, these neighborhoods saw a noticeable uptick in property sales, drawing in families and individuals who want a bit more room to breathe.
New housing projects are popping up, adding to the appeal. Take Praderas, for instance, located at Santiago's western gateway. It's not just about homes; thousands of new jobs are being created, reshaping the city's metropolitan dynamics and making these areas even more attractive.
Affordability is a big draw. Compared to central Santiago, properties in the outskirts are generally easier on the wallet. For example, while a 2-bedroom apartment in Providencia might break the bank, similar options in La Reina or Ñuñoa are more budget-friendly, making them a hit with cost-conscious buyers.
People are also drawn to the outskirts for the lifestyle. With more space, access to nature, and a sense of community, these areas offer a different pace of life compared to the bustling city center.
As Santiago continues to grow, the outskirts are becoming a smart choice for those seeking a balance between city life and suburban comfort. More families and young professionals are making the move, attracted by the promise of a better quality of life.
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.